The study revealed a 44% growth in retail value in western Europe in 2008, pushing the total market value up to €545m (£439m).
The research showed that photobooks account for the majority of growth, making up 52% of the market. Futuresource Consulting expects this to grow to 57% by the end of the year. The report also claimed 30m photobooks would be sold in western Europe in 2012.
Photobooks snap up sales in western Europe
The photo merchandise market, which includes photobooks and calendars, will continue to thrive, according to a Futuresource Consulting report.
